U.S. Housing Market Updates
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Survey: Most Buyers Move to Find a Bigger and Better Home
Redfin found that women (20%) were more likely than men (13.8%) to cite a concern for safety/crime as a reason for moving. Continue Reading Survey: Most Buyers Move to Find a Bigger and Better Home
Mortgage Application Activity and Forbearance Levels on the Rise
“Approximately 65,000 more borrowers are in forbearance compared to one month ago,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity and Forbearance Levels on the Rise
Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
Combs acquired his Holmby Hills estate in 2014 for $39 million and listed it at $60 million prior to his recent arrest. Continue Reading Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
California Home Sales Rebounded in October
Also on the rise was the statewide median price – $888,740, up 2.4% from the prior month. Continue Reading California Home Sales Rebounded in October
Housing Starts Dropped in October
Single-family housing completions in October were at a rate of 986,000, a 1.4% drop from the revised September rate of 1 million. Continue Reading Housing Starts Dropped in October
Builder Confidence Up for Third Straight Month
31% of builders cut home prices in November, with an average price reduction at 5%. Continue Reading Builder Confidence Up for Third Straight Month
Survey: Most People Earning Under $50,000 Struggle to Afford Housing
10% of Gen Zers have delayed or decided against having a child due to housing costs. Continue Reading Survey: Most People Earning Under $50,000 Struggle to Afford Housing
Hits and Misses for the Real Estate Week of Nov. 11-15
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Nov. 11-15
Redfin CEO to Trump: We Need More Homes Now!
Kelman credited Trump’s return to the White House to younger Americans who were unhappy with the current housing market. Continue Reading Redfin CEO to Trump: We Need More Homes Now!
RE/MAX: Home Sales Jumped in October
October’s median sale price of $430,000 marked a mild 0.3% uptick from September. Continue Reading RE/MAX: Home Sales Jumped in October
myCUmortgage in New Partnerships with Six Credit Unions
The combined partnerships represent 139,349 credit union members and $2.52 billion in assets. Continue Reading myCUmortgage in New Partnerships with Six Credit Unions
NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
The Real Estate Board of New York came out against the bill. Continue Reading NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme
The “Aquaman” star stepped forward to state his name and image were hijacked. Continue Reading Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme
Mortgage Application Activity in Mild Uptick
The seasonally adjusted Purchase Index increased 2% from one week earlier, but the unadjusted index decreased 2%. Continue Reading Mortgage Application Activity in Mild Uptick
Expanded Listings Helps Fuel Indiana Home Sales
The state’s median sale price fell from $260,000 in September to $258,000 in October. Continue Reading Expanded Listings Helps Fuel Indiana Home Sales